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nutjob

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  • Encana: Vast Asset Portfolio Is A Source Of Funds, But Divestiture Proceeds May Disappoint [View article]
    While I do not disagree with your comments, I'm just looking from the investor perspective of accumulating shares and then having the company assets sold off (in the case of Haynesville shale, 850M looks like it sold at quite a discount).

    Yes, market cap relative to debt looks terrible right now, although it has greatly improved (rather quickly) in one week's time.

    FD: I went long the shares at $5.985 last week, bought before the Haynesville news emerged. At $6 a share I didn't want to pass up the opportunity to dip in.
    Sep 1, 2015. 04:53 AM | Likes Like |Link to Comment
  • Seeking Diversification - Top 3 ETFs [View article]
    Somehow I disagree with your thesis...you've chosen three ETFs that, ranked on the S&P500, exhibit low correlations with that index.

    Markowitz was not just about diversification and low correlations; with MPT he sought efficient portfolios that provided the highest return commensurate with a given level of risk...
    Aug 31, 2015. 04:35 AM | Likes Like |Link to Comment
  • Encana: Vast Asset Portfolio Is A Source Of Funds, But Divestiture Proceeds May Disappoint [View article]
    Admittedly, I have a poor understanding of EnCana's situation, but a couple of years ago I owned a small position in Forest Oil; FST was also selling its large NG assets in order to build out liquids production, specifically in the Eagle Ford.

    That was a busted strategy which sadly bankrupted Forest Oil (it did try to regroup under Sabine Oil & Gas, which I believe failed leaving about half a billion in unsecured debt).

    It sounds to me like EnCana has a similar strategy, but am I wrong to assume that EnCana's Eagle Ford assets are a much higher quality than Forest Oil's?
    Aug 31, 2015. 01:17 AM | Likes Like |Link to Comment
  • I Would Avoid Pioneer High Income Trust At The Present Time [View article]
    Thanks.
    There's probably some currency risk with FAX as well, and a 14% exposure to China; I'll keep looking these CEFs over (no positions yet).

    I think PHT is off the table for me personally; 32% leveraged, a high level of CCC rated issues, and according to the fact sheet, it may invest up to 50% of assets in illiquid securities (not saying that is actually the case, but still). Is there a link to the complete holdings? Only see the top 10 here:

    http://bit.ly/1PJxYBy
    Aug 23, 2015. 11:04 AM | Likes Like |Link to Comment
  • I Would Avoid Pioneer High Income Trust At The Present Time [View article]

    Interesting article and comments on PHT.

    What do you think of Aberdeen Asia Pacific Income (FAX) - it trades also at a significant discount to NAV, yields roughly 9% and top 10 holdings are 24% government bonds (mostly Australia).
    Aug 22, 2015. 11:50 AM | 1 Like Like |Link to Comment
  • Encana Corp.: Why Is The Stock Sinking? [View article]
    Also wonder if they might cut the dividend - its paying out over 4%.
    Aug 17, 2015. 11:36 AM | 1 Like Like |Link to Comment
  • Encana Corp.: Why Is The Stock Sinking? [View article]
    The shares are discounted an additional dollar since the 24 July close of $7.88.

    If EV = 12.8B, current market cap = 5.80B, that seems like quite a discount.

    No position, but seems a reasonable entry point in here at just below $7 a share; I see a lot worse things to buy in the energy space.

    On the other hand, no bottom seen in price of crude (yet).
    Aug 17, 2015. 11:34 AM | Likes Like |Link to Comment
  • Do You Seriously Own Freeport-McMoRan? [View article]
    So there is opportunity as well as risk here. From the investor viewpoint, if you initiate at $10, simply manage risk (buy an equal # of put options; buy a credit spread; buy a non-correlated asset) and you might have best of both worlds, i.e. a chance to make a killing and also not lose your shirt in the process.

    Everything else is just noise and arguing.
    Aug 16, 2015. 02:44 AM | Likes Like |Link to Comment
  • Marathon's Astute Strategy Makes It A Good Bet In The Current Market Conditions [View article]
    Looks like all of your entry points were reached last week Besdayz. I'm not convinced the downside in crude is over though; but $MRO looks like it has a decent entry point here at just over $18...I wouldn't bet that this is the absolute bottom, however.
    Aug 9, 2015. 01:37 AM | Likes Like |Link to Comment
  • Murphy Oil - Why A Recovery Cannot Be Ruled Out [View article]
    compared to $45 when the article was written.
    entry looks a little better now @ $37.50
    downtrend is still in place however.
    Jul 18, 2015. 02:21 AM | Likes Like |Link to Comment
  • AT&T: I'll Buy 10 Out Of 10 Times At This Price [View article]
    Good report - short, to the point and your thesis makes sense. Thanks for writing.
    Apr 19, 2015. 05:29 AM | 24 Likes Like |Link to Comment
  • Are Investors Placing Higher Valuation On Bill Barrett's Hedging Program? [View article]
    Will be interesting to see if it can break $13 a share, which would fill a gap from 28 Nov - $13 is resistance now. Stock was sold off throughout Dec, but accumulated since 1 Jan this year.

    I own a small position @13 1/2 that lets me ride out price swings. Wish I had added at the 52-week low - whew - $7.54!
    Feb 14, 2015. 10:25 PM | Likes Like |Link to Comment
  • Update: Eldorado Gold Is Patting Itself On The Back With Industry-Leading Production Costs [View article]
    I agree with you. Company looks good on paper, but then they report AISC of $780 versus average selling price of $1266 and reported earnings almost always suck.

    To top it off they pay a penny a share dividend and seem to make a big deal out of it. Ha!
    Jan 26, 2015. 12:23 AM | Likes Like |Link to Comment
  • Update: Eldorado Gold Is Patting Itself On The Back With Industry-Leading Production Costs [View article]
    Back to its familiar $6 share price once again.
    Jan 23, 2015. 08:19 AM | Likes Like |Link to Comment
  • Oil & Gas Stocks: 'Stability At The Bottom' May Be A Positive Sign [View article]
    Well, and here we are at Brent crude below $70 a week later.

    The most interesting part of this for me is $XOM $CVX and $RDS holding value as everything else is getting crushed.

    Should be an interesting "Black Friday" once NY markets open.
    Nov 28, 2014. 12:42 AM | 1 Like Like |Link to Comment
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304 Comments
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